According to local reports, the Iranian police have confiscated 7,000 illegally-operated Bitcoin (BTC) mining devices. The Tehran police chief, General Hossein Rahimi, noted that the machines got abandoned at a mining farm west of the capital. The IRNA, a local media house, added that this seizure of mining rigs is the largest in the history […]
Since its creation in 2009, the Bitcoin meteoric price rally remains a controversial topic across mainstream media. While many publications disregard BTC as a highly volatile asset and label its price action random, some data sets assert that the price movements get influenced by well-known metrics. According to data from Blockchain.com, a Reddit post, which […]
With the second quarter approaching an end and July just a few days away, Bitcoin (BTC) could enter a highly volatile period due to Grayscale unlockings. The impending unlocking from GBTC, which would arguably be the largest in Grayscale history, will occur in the middle of July as accredited investors will gain access to over […]
According to data from BTC.com, Bitcoin’s mining difficulty is on its way to post an 11.2% drop. According to the report, the Bitcoin network recorded two negative adjustments on May 30 and June 6 (16% and 5.3%, respectively), making this the third adjustment under 30 days. Mining difficulty, which gauges how hard miners find it […]
The SEC has just announced a postponement on global investment manager VanEck’s Bitcoin ETF filing. This would be the second time the Commission is postponing its ruling on the product since its filing earlier this year. The SEC noted that it needed the judgment of other interested parties on the matter, explaining the delay. The […]
According to a recent survey carried out by the Financial Times, hedge funds are likely to increase their cryptocurrency exposure to 7% by the next five years. This report comes after prominent hedge fund names like Stan Druckenmiller, Paul Tudor Jones III, SkyBridge Capital, and more increased their involvement in the crypto industry. Based on […]
In yet another Bitcoin (BTC) acquisition strategy, MicroStrategy has filed a registration statement with the US Securities and Exchange Commission (SEC) to launch an “‘at the market’ securities offering for flexibility to sell up to $1 billion of its class A common stock over time.” The firm’s class A common stock trades on the Nasdaq […]
A LONG-TERM CRYPTO INVESTMENT STRATEGY “…Cryptoassets were the biggest institutional revolution since the Industrial Revolution and they represented the investment of a lifetime.” – Van K. Tharp, PhD What is the idea? What crypto coins should you buy? For instance, you may want to invest in popular DeFi tokens. According to John Hargrave, for the […]
Another province in China has taken a stand against Bitcoin mining operations in the region as the Chinese government intensifies efforts to wean the nation of cryptocurrency activities. Over the weekend, Yunnan provincial authorities disbursed a memo ordering an investigation into the illegal use of electricity by individuals and companies in Bitcoin mining. The China […]
